Duncan Leggett Buys 3,751 Shares of Premier Foods (LON:PFD) Stock

Premier Foods plc (LON:PFD) insider Duncan Leggett bought 3,751 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of GBX 85 per share, for a total transaction of £3,188.35.

Premier Foods Stock Up 1.3%

Shares of LON PFD opened at GBX 193.40 on Thursday. The stock has a fifty day moving average price of GBX 176.35 and a 200 day moving average price of GBX 182.23. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.47. Premier Foods plc has a 12-month low of GBX 165.20 and a 12-month high of GBX 216.50. The company has a market cap of £1.67 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.44 and a beta of 1.08.

Premier Foods (LON:PFD) last announced its earnings results on Thursday, November 13th. The company reported GBX 5.40 EPS for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Research analysts anticipate that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PFD shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 230 target price on shares of Premier Foods in a research report on Thursday, November 13th. Berenberg Bank restated a “buy” rating and set a GBX 280 price objective on shares of Premier Foods in a report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Premier Foods in a research report on Thursday, January 22nd. Finally, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Premier Foods currently has an average rating of “Buy” and an average target price of GBX 245.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.